11–20 of 58 posts
My DK friends say that housing prices in København are outrageous. Did the genius fix work only locally?
The money is already owed to the these entities at that rate. Allow folks to keep the rate on that amount even if they move.
My DK friends say that housing prices in København are outrageous. Did the genius fix work only locally?
That shouldn't stop us from finding solutions to similar issues outside of the major cities like Copenhagen, even if the problem isn't as noticeable in the country-side or minor cities.
My DK friends say that housing prices in København are outrageous. Did the genius fix work only locally?
This "genius fix" does nothing to help that.
The solution is to Build. More. Housing.
In the Danish system, each mortgage is backed by a matching bond. Thus, mortgage holders have two ways to pay off their mortgage: 1) pay the monthly payments or 2) buy the matching bond and, in effect, extinguish the mortgage. The latter option is valuable because when interest rates rise, the price of mortgages fall.
> The latter option is valuable because when interest rates rise, the price of mortgages fall. Can you explain how that works under this system?
This lets the loan taker buy back their own bonds for less than what they were paid (the loaned amount) when the bonds were issued.
My DK friends say that housing prices in København are outrageous. Did the genius fix work only locally?
Because the real cause of high housing prices is too little housing supply (relative to demand). This "genius fix" does nothing to help that. The solution is to Build. More. Housing.
My DK friends say that housing prices in København are outrageous. Did the genius fix work only locally?
Because the real cause of high housing prices is too little housing supply (relative to demand). This "genius fix" does nothing to help that. The solution is to Build. More. Housing.
For example, the Ontario Housing Task Force had 55 recommendations, and that's only for the issues of provincial responsibility.
My DK friends say that housing prices in København are outrageous. Did the genius fix work only locally?
I don't think there is one major/capital European city that doesn't have outrageous prices right now, at least from what I've seen. That shouldn't stop us from finding solutions to similar issues outside of the major cities like Copenhagen, even if the problem isn't as noticeable in the country-side or minor cities.
My DK friends say that housing prices in København are outrageous. Did the genius fix work only locally?
Because the real cause of high housing prices is too little housing supply (relative to demand). This "genius fix" does nothing to help that. The solution is to Build. More. Housing.
Earlier quoted context omitted.
> The latter option is valuable because when interest rates rise, the price of mortgages fall. Can you explain how that works under this system?
In Denmark, with a realkredit loan. The loan is funded by bonds that investors buy. The realkredit institution manages these loans and makes sure the investors get paid back. The refinancing part is essentially if the interest rates go up I can ask to pay those higher interest and bit more per month and then my total mortgage debt goes down. In some cases you can save a lot of money by doing that. It depends. Also mo…